IF
- WHEN
- AND
THEN
bydays
Warning, restriction and immobilisation all move back by the extra days.
Stanbic East Africa Capital · 4 live contracts
Remind the riderhours before each instalment is due.
When the due date passes unpaid, tell the rider exactly what is owed.
Keep the vehicle running fordays of grace. Nothing changes for the rider.
When grace ends, warn the riderhours ahead, naming the date and time of restriction.
Limit top speed tokm/h fordays. The vehicle still earns.
Then immobilise, pre-notified, once the vehicle is confirmed stationary.
Repossession starts only by decision of Stanbic East Africa Capital.
Exceptions that slow the ladder down. They can never speed it up.
Warning, restriction and immobilisation all move back by the extra days.
Immobilisation waits for a named person at the desk to approve it.
Let riders charge while in arrears
Up toKES of energy on credit. Refusing energy stops the rider earning what they owe.
Wallet money pays overdue instalments first
Money arriving is applied to the debt before energy, which is what keeps a rider off the ladder.